Ripple must rest before +10$
- update on this analysis:
- 5D timeframe presents several signs of overextension with the RSI reaching almost record highs meanwhile the 5D ATH close so far seems to be serious resistance
- it is unlikely Ripple is done with its rally overall but a consolidation similar to that in 2017 is expected
- once BTC is close to ATHs in 2025 (180 - 250k) it is very likely XRP will have it´s second leg higher that can take it to double digits
- 5D timeframe presents several signs of overextension with the RSI reaching almost record highs meanwhile the 5D ATH close so far seems to be serious resistance
- it is unlikely Ripple is done with its rally overall but a consolidation similar to that in 2017 is expected
- once BTC is close to ATHs in 2025 (180 - 250k) it is very likely XRP will have it´s second leg higher that can take it to double digits
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.